Foreign direct investment location choice of small- and medium-sized enterprises: The risk of value erosion of firm-specific resources

被引:24
|
作者
Huett, Pascal [1 ]
Baum, Matthias [2 ]
Schwens, Christian [3 ]
Kabst, Ruediger [4 ]
机构
[1] Univ Giessen, D-35394 Giessen, Germany
[2] Tech Univ Kaiserslautern, D-67653 Kaiserslautern, Germany
[3] Univ Dusseldorf, D-40225 Dusseldorf, Germany
[4] Univ Paderborn, D-33098 Paderborn, Germany
关键词
Foreign direct investment; International experience; Knowledge intensity; Location choice; Resource-based view; Risk of value erosion; MARKET ENTRY MODE; TRANSACTION COST; INTERNATIONAL DIVERSIFICATION; MULTINATIONAL-ENTERPRISE; PRODUCT ADAPTATION; PLANNED BEHAVIOR; KNOWLEDGE; PERFORMANCE; STRATEGIES; DETERMINANTS;
D O I
10.1016/j.ibusrev.2014.02.007
中图分类号
F [经济];
学科分类号
02 ;
摘要
Drawing on the resource-based view and FDI theory, the present study introduces the risk of value erosion as a core concept to explain the moderating effect of SMEs' resources (knowledge intensity and international experience) on the relationship between motives (market seeking, resource seeking, strategic asset seeking) and FDI location choice (developed countries vs. developing countries). Testing our theoretical predictions on survey data obtained from 100 German SMEs, our results indicate that knowledge intensity and international experience significantly influence the relationship between motives and SMEs' FDI location choice. Adding this perspective, we provide an enhanced understanding of SMEs' FDI location choice and beyond. (C) 2014 Elsevier Ltd. All rights reserved.
引用
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页码:952 / 965
页数:14
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